Revolving Period. The Revolving Period shall not have ended;
Revolving Period. On each Payment Date during the Revolving Period, the required deposit to the Principal Funding Sub-Account for the Class C(2005-C1) Notes will be zero.
Revolving Period. During the Series 2010-1 Revolving Period, the Administrator will direct the Trustee in writing pursuant to the Administration Agreement, prior to 12:00 noon (New York City time) on each Series 2010-1 Deposit Date, to apply from all amounts deposited into the Collection Account as set forth below:
Revolving Period. The Revolving Period shall not have ended (other than in connection with an Advance made pursuant to Section 2.2(c));
Revolving Period. Subject to the terms and conditions of this Agreement (including, without limitation, the conditions precedent to the initial Advance and each subsequent Advance set forth in Article V) and relying upon the representations and warranties herein set forth, during the Revolving Period, each Conduit Lender may, and to the extent any Conduit Lender declines to fund, each Committed Lender in its Related Group shall, severally and not jointly, fund its Applicable Advance Percentage of each Advance requested by the Borrower pursuant to Section 2.01(b) as long as such requested Advance does not exceed the Availability; provided, that (i) no Committed Lender shall fund an Advance to the extent that, after giving effect thereto, the Loan Amount of such Committed Lender would exceed its Commitment; and (ii) no Lender in a Related Group shall fund an Advance to the extent that, after giving effect to the total portion of such Advance funded by the Lenders in such Related Group, the Related Group Loan Amount would exceed the total of the Commitments of the Committed Lenders in such Related Group. Subject to the foregoing, amounts borrowed hereunder by the Borrower may be repaid and re-borrowed during the Revolving Period.
Revolving Period. The parties hereto hereby confirm and agree that, as of the Eleventh Amendment Date, the Revolving Period is, and therefore the Term Conversion Date shall be, October 31, 2020. Notwithstanding the foregoing set forth in this Section 2.1 of this Agreement or the definition of “Term Period” set forth in the Credit Agreement, the last day of the Term Period shall be November 30, 2021.”; and
Revolving Period. The related Purchase Date occurs during the Revolving Period.
Revolving Period. On each day during the Revolving Period, the Servicer shall set aside and hold in trust solely for the account of the Agent, for the benefit of the Agent and the Lenders (or deliver to the Collection Account as required pursuant to Section 7.1(i) hereof), the Percentage Share of all Collections and Deemed Collections received on such day, to the extent required for the payment of any accrued and unpaid Obligations (other than principal) on the next Settlement Date or Interest Payment Date. If at any time Collections are received by the Servicer during the Revolving Period, the Servicer shall (i) set aside such amounts as are required pursuant to the immediately preceding sentence to satisfy all Obligations (including but not limited to interest, fees, principal, increased costs or indemnification payments required hereunder or under any other Transaction Document) and the Servicer’s Fee due or to become due as of the next Settlement Date or Interest Payment Date, as applicable, and (ii) provided clause (i) above has been satisfied, unless otherwise requested by the Borrower, apply the remaining Collections to the purchase of additional Receivables from the Seller under and in accordance with the Purchase and Sale Agreement. On each Settlement Date or Interest Payment Date, as applicable, during the Revolving Period, the Servicer shall remit the amounts set aside above that have not been used for the purchase of additional Receivables, first, to the Lenders in reduction of the Obligations due and owing, and second, to the Servicer, for payment of the Servicer’s Fee then due and owing.
Revolving Period. At the beginning of each Allocation Day during the Revolving Period, the Servicer will allocate Investor Principal Collections in the following amounts and in the following priorities (in each case until the referenced amounts have been so allocated during the related Collection Period):
(A) an amount equal to the amount of all unreimbursed VBC Investor Charge-Offs (to the extent not funded from Investor Finance Charge Collections as set forth above);
(B) an amount equal to the aggregate amount of Investor Default Amounts allocated to the Variable Base Certificates during the Related Collection Period and prior to such Allocation Day (to the extent such amount exceeds the Investor Default Holdback Amount for such Collection Period, or the portion thereof funded from Investor Finance Charge Collections as set forth above, and amounts available to be withdrawn from the Investor Component of the Retained Amount Account);
(C) an amount equal to the Commitment Termination Payment for the related Distribution Date (calculated based on the assumption as of such day that no reduction in the portion of the VBC Principal Balance allocated to the Variable Base Certificates in respect of which such payment will be made will occur prior to the last day of such Collection Period other than as a result of Discretionary Prepayments occurring prior to such last day as to which Servicer has already delivered a Notice of Discretionary Prepayment, which Discretionary Prepayments will be included in such calculation), which amount shall be paid as a payment of principal on the related Distribution Date on a pro rata basis to each VBC Holder as to which the related Commitment Period terminated prior to the commencement of the Related Collection Period;
(D) for deposit into the Capitalized Interest Account in accordance with the provisions of Section 6.1(e) hereof, an amount equal to the amount specified in a notice delivered by the Servicer to the Trustee in anticipation of an Increase (to the extent not funded from Investor Finance Charge Collections as described above);
(E) for deposit into the Discretionary Prepayment Account in accordance with the provisions of Section 6.1(f) hereof, an amount equal to the amount of any Discretionary Prepayment to be made on any date after such Allocation Date as specified in a Notice of Discretionary Prepayment delivered to the Trustee and each VBC Holder (to the extent not funded from Investor Finance Charge Collections as described above...
Revolving Period. Each HELOC provides for an initial period (the “Revolving Period”) during which the Mortgagor is required to make monthly payments of interest payable in arrears and requires repayment of the unpaid principal balance thereof over a period following the Revolving Period (the “Repayment Period”) which is not in excess of 120 months. As of the Purchase Date no HELOC was in its Repayment Period. The Mortgage Interest Rate on each Mortgage Loan adjusts periodically in accordance with the Credit Line Agreement to equal the sum of the Index and the related Gross Margin. On each Adjustment Date the related Seller has made interest rate adjustments on the Mortgage Loan which are in compliance with the related Mortgage and Mortgage Note and applicable law.
